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sdrealtor
ParticipantShort sales 1,833 heading up again from 1,705 last week!
Total SD County Listings 16,218 another decent climb from 15,733 last week. We are in tax season and as expected it was a quiet week with the climb in inventory right in line with what should be expected.
I dont have access to all the data on my office computer to compare whats happening in the North County Coastal market. My guess is very little changed this week but it will be interesting to see how it compare to prior years data. I’ll try to get to it tommorrow.
March closings of resale homes (I pull out the builder sales) were 90 last year and 94 reported so far for this year.
For the county watchers in the audience, there were 2,006 sales in 2006 and so far there have been 1,535 reported for 2007 in March. We continue seeing a separation between different geographical areas response to the housing market.
sdrealtor
ParticipantDarn! I thought you were going to say he got drunk with the two guys.
sdrealtor
ParticipantI do not agree that it has to change to the extent that a guy right out of college could buy a house right out of college. 18 years ago, Aztec and you had the good fortune of buying in the “path of progress” where there was no infrastructure in place a the time. You took a big risk and it turned out well. You we wre rewarded for doing so. Temecula is a very different place today than it was 18 years ago. Expect lower prices and greater affordability ahead but not that much.
sdrealtor
ParticipantComparing the decision to buy a home in 1987 with the decision to buy a home in 2007?
Aw shucks, C’mon…..
sdrealtor
ParticipantI cant see the link but think I saw the property on the hotsheet today. It looks like a blatant attempt to start a bidding war. They can list it for $1 if they want. The lender will only accept what they want.
sdrealtor
ParticipantTemeculaguy,
The market stats on that site are from the REreport published monthly by Rick Campbell not DC.sdrealtor
ParticipantYou are mixing up me sdrealtor (homeowner and damn proud of it) with SD Realtor (renter who owns a couple investment properties and equally proud of it). Nowhere in this blog will you find me wishing foreclosure on anyone. I do however, preach personal responsibility for one’s actions as I have always taken full resposibility for my own. I dont find myself negative in my editorials in the least bit but rather realistic. i do not believe the company line that gets handed down but I guess that comes from my background of going against the grain to be a successful entrepreneur rather than a cog in a machine. Yes it is my job to help people realize the American Dream but I cannot and will not let people make decisions that I know will lead them to disaster. I just dont need the money that much and even if I did, I’d find something else to do that didnt completely compromise my ethical responsibility to clients that I also consider good friends.
sdrealtor
ParticipantHUHHHH? My loyal and no doubt similar proteges? I have been one of the most villified and taunted individuals on this board for over 1 year. In spite of that, I regularly try to contribute meaningful information as to what is happening on the streets. I call BS when I see it whether it comes from a Bull or a Bear. I have nothing at stake because I went for it long ago and have continued doing so at an escalating pace. I am living my dream and it only gets better for as time goes on. I have been very successful through multiple careers and enjoy helping people realize their RE dreams not their nightmares. My clients have great repsect for me because I look out for them as if they were family. I spend alot of time infront of my coputer because I am running 3 successful businesses that require me to do so. Plus it alot of fun and I have always been comitted to being a lifelong learner.
You came here after reading one days posts w/o understanding who anyone was. Stick around and keep your mouth shut for a week or two and you’ll see for yourself. After you see what this is all about we would all love to have more input from knowledgable industry folk who are willing to tell it like it is. Most of us have been around for quite some time and have had more than our share of heated disagreements. Heated disagreements backed by intelligent analysis is always welcomed on this forum.
What do you see happening? What is happening in your market? Mine’s doing fine for the time being and I think it will continue to outperform the larger SD market. Let’s here something more than you are all a bunch of bitter renters who missed the boat.
sdrealtor
ParticipantBye Dean,
And to think for the last year you all have been calling me a starry eyed optimist.sda;)
PS Ramona is gonna get slaughtered
sdrealtor
Participantbye…don’t let the…..
sdrealtor
ParticipantStick around, contribute something of value and you’ll find out for yourself. Otherwise, we’ve got enough occasional trolls stopping by and take off though we wish well.
sdrealtor
ParticipantDC,
I do not wish misfortune on anyone, quite the opposite. However, on this blog I am here to learn like most of the other meaningful participants around here. If you would like to add something meaningful to the discussion please do. if not it is you that needs to get a life.To quote Lou Reed, the Rock and Roll Animal himself: My week beats your year!
sdrealtor
ParticipantDcarlo has no idea as to the real personalities on this site. As he said, he just arrived. I’d take his comments with a grain of salt until he has a bit more tenure.
SDR
(a long time owner of prime piece of realestate w/ very small mortgage and a realistic perspective of what is going on who would love it if more nice young professional families could afford to be my neighbor rather than all the older folks who have replaced the ones that moved out)sdrealtor
ParticipantI think JG is right but that the nicer areas wont be hit as hard or as early. Homeowners in those areas have a lrger margin of error to hang on, they have good jobs, some have family that can help and they are far more likely to have reserves. On the low end of the market there is no margin for error.
This got me to thinking that generally speaking homeowners in better areas will be OK for a nother 2 years or so. But when they hit the skids the market will already have been adversely affected many of the other less desireable areas and lending standards will be tougher.
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